OctaFX | OctaFX Forex Broker
Open trading account
Back

Canada: Trade deficit increases to $2.1 billion in November as exports decline 2.9%

"Canadian exports fell 2.9% in November, mainly on lower crude oil exports, while imports decreased 0.5%," Statistics Canada reported on Tuesday and added: "As a result, Canada's merchandise trade deficit with the world widened from $851 million in October to $2.1 billion in November."

Key takeaways from the press release

  • Total exports fell 2.9% to $48.3 billion in November, a fourth consecutive monthly decline. 
  • Following a 6.7% decline in October, exports of energy products fell 9.2% to $8.4 billion in November. 
  • Exports to the United States fell 3.9% in November to $35.3 billion, mostly due to lower crude oil exports. 
  • Total imports declined 0.5% to $50.4 billion in November.

BoC likely to leave the policy rate unchanged - Rabobank

Analysts at Rabobank are expecting the BoC to leave the policy rate unchanged at 1.75% tomorrow as CAD OIS implies almost no chance of either a hike o
Read more Previous

GBP/USD Technical analysis: Break below 50-hour SMA paves the way for further intraday slide

   •  The pair struggled to sustain/build on its positive momentum further beyond 50-day SMA and faced rejection near the 1.2800 handle, coinciding wi
Read more Next
Start livechat